KPMG

With the world going through a recession, stakeholders and investors of client companies will lean on accounting firms more than ever to maintain trust and confidence in their companies.

The Securities and Exchange Commission announced Tuesday settled charges against three former KPMG audit partners for sharing answers to internal training exams.

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The COVID-19 pandemic has forced workers across the U.S. to stay home. KPMG offers a robust plan for bringing staff back to the workplace when the time comes.

An independent audit into Wirecard AG concluded that it was unable to obtain the data needed to confirm past revenues, and criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report.

The Big Four firm and its KPMG U.S. Foundation will support nonprofits across the country directly impacted by the ongoing pandemic.

COVID-19 has created the largest health and economic crisis in decades.

KPMG and one of its senior partners have been reprimanded and fined 455,000 pounds ($560,000) for failings in its audit of a U.K. company, the latest sanction against the Big Four auditor in recent years.

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The Big Four firm helped modernize the skills of students at three schools, with plans to reach more schools throughout 2020.